Goldman Sachs Group Begins Coverage on Harvey Norman (HNORY)

Goldman Sachs Group initiated coverage on shares of Harvey Norman (OTCMKTS:HNORY) in a report issued on Wednesday morning, The Fly reports. The brokerage issued a sell rating on the stock.

HNORY stock opened at $11.80 on Wednesday.

Harvey Norman Company Profile

Harvey Norman Holdings Limited grants franchises to independent franchisees. Its franchisees sell products in various categories, including electrical goods, furniture, computers and communications, bedding and manchester, kitchen appliances, small appliances, bathroom and tiles, and carpets and flooring.

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